Nikon (OTCMKTS:NINOY) Shares Gap Down – Here’s Why

Shares of Nikon Corp. (OTCMKTS:NINOY) gapped down prior to trading on Monday. The stock had previously closed at $10.16, but opened at $9.50. Nikon shares last traded at $9.72, with a volume of 2,457 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Nikon to a “hold” rating in a research note on Friday, September 25th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Nikon Price Performance

The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of -6.09 and a beta of 0.57. The company has a quick ratio of 0.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $11.41 and a two-hundred day simple moving average of $12.25.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.21. Nikon had a negative return on equity of 13.88% and a negative net margin of 11.86%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. As a group, research analysts predict that Nikon Corp. will post 0.61 earnings per share for the current fiscal year.

Nikon Company Profile